Subject

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Subject

Refers to a bid or offer that cannot be executed without confirmation from the customer. In other words, not firm, but a bid/offer that needs additional information/confirmation before becoming firm and is therefore still negotiable.

Subject

Describing a bid or offer for a security that is still negotiable. That is, a subject bid/offer is not firm and requires confirmation before a transaction involving it can be executed.
References in classic literature ?
One example of the shameless subterfuges under which the French stand prepared to defend whatever cruelties they may hereafter think fit to commit in bringing the Marquesan natives into subjection is well worthy of being recorded.
They claimed exemption from the mandates of human authority, as militating with their subjection to a superior power.
She inherits her mother's talents, and must have been under subjection to her."
Will felt as if he were forced to cross his small boundary ditch, and what he saw beyond it was not empire, but discontented subjection.